USDJPY Forecast:

The USDJPY made another indecisive movement yesterday. Price still struggling around the trendline resistance without clear direction and still trapped in range area of 93.63 – 91.71 since May 10. We need a break on either side to see clearer direction. Break below 91.71 could trigger further bearish momentum re-testing the major trendline support. On the upside we need a consistent move above 93.63/75 area to continue the bullish scenario testing 94.70 region.

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